Step-by-step solution file
The town of Hadleyville, Arizona is reeling from a recent
The town of Hadleyville, Arizona is reeling from a recent shutdown of the Wilson Performance Automobiles Plant that employed more than 2,500 of the town's population of 40,000. In addition, the recent economic strife has lead to decreases in retail sales tax, more job losses, and public utilities that are insolvent and unable to keep up with demand despite fee hikes in 2 of the past 3 years. The town budget has been slashed twice now with overall reductions approaching 12% in the previous fiscal year. With revenues continuing to decrease and no end to the economic woes in sight, the town budgeting process begins this fall.
DEPARTMENT OF FINANCE
1245 LINCOLN BOULEVARD
HADLEYVILLE, AZ 85001
September 14, 2010
TO: Budget and Finance Teams
FROM: Jack Sprague, Town Manager
RE: Town Financial Crisis
As you all are aware, Hadleyville is in a deep financial crisis. As your Budget Briefing Books will show,
the town has experienced declining revenues ever since the Wilson Performance Automobile Plant shut
down 3 years ago. Beyond that, the national financial crisis has hit the town hard, and has seen even more
of the fragile industry disappear. Our residents have increasingly had a hard time finding work, and those
who have not outright left are anchored to mortgages they cannot afford and family obligations they
I have divided the department into teams, and over the course of the next 8 weeks, each team is required
to develop a proposal outlining a 3- to 5-year plan for recovery. This will not be easy, and I suspect as
you delve into individual department budgets, you will encounter troubling decisions that must be made.
Ultimately, the political leadership of the town will have to make those decisions, but we cannot do so
without your help.
Each team will have access to information on revenues and current expenditures via the Budget Briefing
Books and will need to determine which two of the town?s most troubling departments need immediate
revisions in their operating budgets. We ask that you apply the knowledge you?ve gained about operating
budgets and your own personal experiences to analyze the best way to balance the need for critical town
services with the town?s budgeting needs.
Some key points: Be sure to analyze the town?s direct and entitlement obligations in the adopted budget;
examine at least two town departments and make recommendations for reduced spending; present an
overall proposal to the town council of your findings and recommendations for reducing the town budget
by at least 13% overall immediately; and look for ways to eliminate deficit spending in 3 years. You will
have a lot of options at your disposal. Be sure to weigh the positives and negatives of each.
This question was answered on: Feb 21, 2020
This attachment is locked
We have a ready expert answer for this paper which you can use for in-depth understanding, research editing or paraphrasing. You can buy it or order for a fresh, original and plagiarism-free copy (Deadline assured. Flexible pricing. TurnItIn Report provided)
Need a similar solution fast, written anew from scratch? Place your own custom order
We have top-notch tutors who can help you with your essay at a reasonable cost and then you can simply use that essay as a template to build your own arguments. This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student. New solution orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.